"Most Shorted" Stocks Slammed As Bulls' "Bad Dream" Scenario Sets Up

Nomura's Charlie McElligott notes that the ongoing stop-out of legacy ‘imminent recession’ trades” continues, perversely thanks to the resumption of the Global Bond selloff on “higher for longer” risk due to better global growth data with many of the most popular “everything rally” trades seen in January have now experience a “round-trip” over the past two weeks and reversed much of their prior YTD moves... with the broad exception of Equities, although they too are now beginning to show “cracks” there too...

Source: Bloomberg